Error: Reverse date must be in a valid fiscal period when trying to save a journal entry

When creating Journal Entries that include reversal dates you may receive an error saying Reverse date must be in a valid fiscal period. Because the entry can't be saved, it is left open while creating a new Fiscal Year, but when returning to the entry to attempt to save again, the same error is received even though a valid Fiscal Year has been created.

Article
Number:111434

Products:

Financial_Edge_FE

If a new Fiscal Year is created while the batch is still open, the batch will not recognize the Fiscal Year exists.The batch will have to be closed then either recreated or re-opened from an earlier saved version.After re-opening, the batch will now recognize that the Fiscal Year has been created and you can save the batch with the reversal dates

Steps to Duplicate

1. Create a Journal Entry batch that includes reversal dates in a Fiscal Year not yet created.2. Receive Error: Reverse date must be in a valid fiscal period, when clicking the Save button.3. Leave the batch open and go to Configuration<Fiscal Years4. Create a new Fiscal Year that includes period for the reversal date in the batch then click save and close.5. Go back to Journal Entry batch and click save6. Receive Error: Reverse date must be in a valid fiscal period